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For sale
    • $3,999,000

    5525 E State Highway 86, Franktown, CO 80116

    4beds
    3baths
    3,144sqft
    : 
    $25,939/mo
    Get pre-qualified
    Mixed Use
    Built in ----
    151.29 Acres Lot
    $-- Zestimate®
    $1,272/sqft
    $-- HOA

    What's special

    Turnout pensAttached indoor riding arena
    Castlewood Equestrian Center is a full-scale boarding and training facility located on a total of 151 acres just west of Franktown, Colorado. The property currently is permitted for 130 horses on site, and is full. Improvements include a large indoor stall barn with 44 heated stalls and an attached indoor riding arena. The remainder are covered outdoor open stalls with runs or loafing sheds with paddocks. Additional improvements include turnout pens, pastures, large shop and hay storage, and various round pens, sheds and tack rooms. The facility is professionally managed, modern and clean, with a constant waiting list. The amenities include riding indoors as well as on the property. Additionally, the property adjoins and has access to the Cherry Creek Trail system and Mesa Buttes open space offering unlimited trail riding. The tastefully remodeled home on site rounds out the property. While the property is a successful equestrian boarding operation, the location and land base would readily allow use as a private equestrian operation or possible other uses, subject tozoning revision. An ancillary property of 36 acres is also available for buyers to acquire if the facility is purchased, but is not a part of this listing. Potential buyers must provide verifiable proof of financial ability prior to scheduling a showing. 48 hours notice required. Listing Brokers will be present at all showings.
    787 days
    |
    426
    |
    19
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Karen Mikkelson 877-207-9700,

    Mason & Morse Ranch Company

    Source: IRES as distributed by MLS GRID,MLS#: 1010944MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 3
      Primary bedroom
      • Features: Tub+Shower Primary
      Heating
      • Forced Air
      Cooling
      • Central Air
      Appliances
      • Included: Gas Range, Dishwasher, Refrigerator, Washer, Dryer, Microwave, Gas Bar-B-Q, Disposal
      • Laundry: Washer/Dryer Hookup
      Features
      • Eat-in Kitchen, Separate Dining Room, Open Floorplan, Workshop, Walk-In Closet(s)
      • Basement: Partially Finished,Walk-Out Access
      Interior area
      • Total structure area: 3,144
      • Total interior livable area: 3,144 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 3
      • Parking features: Attached
      • Attached garage spaces: 3
      • Details: Attached
      Features
      • Levels: Bi-Level
      • Fencing: Fenced,Security,Other,Wire,Vinyl
      • Waterfront features: Abuts Pond/Lake
      Lot
      • Size: 151.29 Acres
      • Features: Pasture, Dry, Evergreen Trees, Deciduous Trees, Native Plants, Level, Rolling Slope, Abuts Public Open Space, Meadow, Paved, Water Rights Included
      Details
      • Additional structures: Corral(s), Barn(s), Shed(s), Livestock Shed
      • Parcel number: R0372434
      • Zoning: Various
      • Special conditions: Private Owner
      • Horses can be raised: Yes
      • Horse amenities: Horse(s) Allowed, Barn, Corral(s), Pasture, Arena, Tack Room, Loafing Shed, Hay Storage, Riding Trail

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Farmhouse
      • Property subtype: Mixed Use
      Materials
      • Frame, Metal Siding
      • Roof: Composition,Metal
      Condition
      • New construction: No

      Utilities & green energy

      • Electric: Xcel
      • Gas: Propane
      • Sewer: Septic Tank
      • Water: Well
      • Utilities for property: Electricity Available, Propane, Cable Available
      Green energy
      • Energy efficient items: Windows

      Community & HOA

      Community
      • Features: Gated
      • Subdivision: None
      HOA
      • Has HOA: No
      Location
      • Region: Franktown

      Financial & listing details

      • Price per square foot: $1,272/sqft
      • Tax assessed value: $1,254,053
      • Annual tax amount: $17,117
      • Date on market: 5/31/2024
      • Listing terms: Cash,Conventional,1031 Exchange
      • Exclusions: All farm and ranch equipment, tenant furnishings.
      • Electric utility on property: Yes
      • Road surface type: Asphalt

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        3/11/2026Price change$3,999,000-14.9%$1,272/sqft
        Source: IRES as distributed by MLS GRID #1010944 Report a problem
        4/3/2025Price change$4,700,000-4.1%$1,495/sqft
        Source: IRES as distributed by MLS GRID #1010944 Report a problem
        8/22/2024Price change$4,900,000-9.2%$1,559/sqft
        Source: IRES as distributed by MLS GRID #1010944 Report a problem
        5/31/2024Listed for sale$5,395,000+124.8%$1,716/sqft
        Source: IRES as distributed by MLS GRID #1010944 Report a problem
        7/25/2014Sold$2,400,000$763/sqft
        Source: Agent Provided Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$17,232 -1.1%$201,670 -1%
        2024$17,424 +15.5%$203,630 -0.2%
        2023$15,088 -56.2%$204,030 +13.2%
        2022$34,448 $180,220 -55.9%
        2021-- $408,460 +297.9%
        2020$8,705 +4.2%$102,660
        2019$8,352 $102,660 +6.6%
        2018$8,352 +7.4%$96,300
        2017$7,776 +100.3%$96,300 +2.1%
        2016$3,882 -2.2%$94,290
        2015$3,970 +4.1%$94,290 +11.4%
        2014$3,813 $84,650
        2013-- $84,650 +0.6%
        2012-- $84,170
        2011-- $84,170 -4.7%
        2010-- $88,330 -5.2%
        2009$4,138 $93,140
        2008-- $93,140 +2.8%
        2007-- $90,570
        2006$7,990 +38.4%$90,570 +32.4%
        2004$5,772 -39.5%$68,430 +81.5%
        2003$9,541 $37,700
        Find assessor info on the county website

        Monthly payment

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        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 80116

        Getting around

        0 / 100
        Car-Dependent
        26 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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